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PM Urges Tax Reforms Amid Rs386 Billion Shortfall

1/2/2025

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Summary

Story summary

Prime Minister Shehbaz Sharif emphasized the need for tax authorities to achieve IMF revenue targets amid a Rs386 billion shortfall in FY25's first half.
The Federal Board of Revenue (FBR) collected Rs5.623 trillion, falling short of the Rs6.009 trillion target, despite a 26% year-on-year increase.
The government aims to boost tax collection through reforms, digitalization, and tackling smuggling.
The IMF forecasts exports at $42.93 billion by 2029, lower than the government's target.

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Story summary

Prime Minister Shehbaz Sharif emphasized the need for tax authorities to achieve IMF revenue targets amid a Rs386 billion shortfall in FY25's first half.
The Federal Board of Revenue (FBR) collected Rs5.623 trillion, falling short of the Rs6.009 trillion target, despite a 26% year-on-year increase.
The government aims to boost tax collection through reforms, digitalization, and tackling smuggling.
The IMF forecasts exports at $42.93 billion by 2029, lower than the government's target.